Santander’s Post

When we do things the right way, our customers prosper, they grow their businesses and bring us new customers. Santander is a global Retail and Consumer powerhouse with 173 million customers, of which 10 million are businesses, mostly SMEs and self-employed. Looking forward, we expect to continue increasing profitability in 2025. In the first quarter, we maintained a positive trend, growing the number of customers and our RoTE is expected to be c.15.7% (post-AT1). We have confirmed all our targets for 2025 —including reaching a RoTE of c.16.5% (post-AT1)—. While we are monitoring the implications of recent tariff announcements in the US, it is in challenging times when the value of our diversification is most apparent. As a bank, our focus is on helping clients navigate the volatility and we are committed to doing that. Europe and the world need growth. To achieve this, more businesses have to invest, innovate and create more jobs, so we can sustain our social model. Financing them is our job. Here you have a small sample of what we do every day across Europe and the Americas. Today, we showed it to our shareholders at our AGM. Thank you for your trust and support over the past decade. The best is yet to come.